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Тәжірибелік нұсқаулар және стиль

Dr. Brian Portnoy and Josh Brown’s book How I Invest My Money, captures the stories and investment strategies of 25 top financial advisors. The book highlights that while there are established dogmas that tell you how and why you ought to invest, there is no ‘one-size-fits-all’ way to invest. Today we speak with Brian and Josh about the key insights that we can derive from their work. We open our conversation by exploring how they conceived and developed their book before talking about why fully rational investing is a myth. After diving into how we allocate money to solve our unique needs, Brian and Josh share how people use their portfolios to express themselves. We then discuss common investing themes in the book, including how most advisors have an aversion to debt, and how their experiences have guided their strategies and outlooks. From why we should place more value on social and human capital, we look into why financial planning has a profound impact on how you manage your investments. We touch on direct indexing, the relationship between money and happiness, and the unexpected yet incredible perspectives that came from giving advisors a license to tell their stories. Near the end of the episode, Brian and Josh reflect on how their book might have changed their views and how their work fits into their visions for the financial industry. Tune in to hear more on the usually secretive topic of how financial advisors invest their money.
Books From Today’s Episode:
How I Invest My Money: Finance experts reveal how they save, spend, and invest on Amazon - www.amazon.com/How-Invest-My-...
The Geometry of Wealth on Amazon - www.amazon.com/Geometry-Wealt...
Backstage Wall Street on Wall Street - www.amazon.com/Backstage-Wall...
Clash of the Financial Pundits on Amazon - www.amazon.com/Clash-Financia...
Simple Wealth, Inevitable Wealth on Amazon - www.amazon.com/Simple-Wealth-...
Links From Today’s Episode:
Joshua Brown - thereformedbroker.com/about/
Joshua Brown on Twitter - / reformedbroker
Dr. Brian Portnoy - shapingwealth.com/about
Dr. Brian Portnoy on Twitter - / brianportnoy
Rational Reminder on iTunes - itunes.apple.com/ca/podcast/t....
Ritholtz Wealth Management - ritholtzwealth.com/
Episode 57: A Masterclass in Business: Money Philosophy with Barry Ritholtz - rationalreminder.ca/podcast/57
Episode 102: Dr. Brian Portnoy: Underwriting a Meaningful Life - rationalreminder.ca/podcast/102
Shaping Wealth - shapingwealth.com/

Пікірлер: 28

  • @rationalreminder
    @rationalreminder3 жыл бұрын

    Keep an eye out at around 1:05:15 - we had a special guest appearance from one of our biggest fans!

  • @raymondjulius2479

    @raymondjulius2479

    2 жыл бұрын

    I know im randomly asking but does someone know a way to log back into an Instagram account? I stupidly forgot my password. I love any tricks you can offer me!

  • @andresbrysen1262

    @andresbrysen1262

    2 жыл бұрын

    @Raymond Julius instablaster :)

  • @the_blahhh
    @the_blahhh3 жыл бұрын

    Lmao, when Josh Brown was talking about furries, Ben immediately knew lol

  • @ivankauf
    @ivankauf3 жыл бұрын

    Hey Ben and Cameron! First of all, congratulations for the very nice and useful job you guys produce. It have been helping me a lot! I'm looking for a podcast where you guys comment about the Momentum factor, but I didn't find any. If there is one, can you please tell me what EP. it is? (if the youtubers know, please let me know, thanks!) I wish you a lot of success! Ivan

  • @tbarbuto2345

    @tbarbuto2345

    2 жыл бұрын

    Any podcast about 5 factor investing.

  • @adilchbani2165
    @adilchbani21653 жыл бұрын

    Hi Ben, would be great to play the book game and write down your essay on how you invest your money ... looking forward

  • @70qq
    @70qq Жыл бұрын

    ty

  • @gregoryunderwood4121
    @gregoryunderwood41213 жыл бұрын

    Great book!! Loved it!

  • @stefanberger2421
    @stefanberger24213 жыл бұрын

    This episode is really heartwarming. I often discuss asset allocation and "irrational" behaviour with friends as they are betting hard on something like tesla, bitcoin or even some unnkown altcoins so thanks for opening my eyes a bit on that. Hopefully I won´t be too judgemental or strict with some non perfect rational bevahiour in the future as it can bring some thrill and satisfaction to individuals and as long as it´s not a threat to their (economic) wellbeing...

  • @DekarNL

    @DekarNL

    3 жыл бұрын

    That last sentence is crucial. Some of my friends are 100% in cryptocurrency.

  • @stefanberger2421

    @stefanberger2421

    3 жыл бұрын

    @@DekarNL That´s the point!

  • @drewlunt6672
    @drewlunt66723 жыл бұрын

    This was an amazing episode! Would love to hear more from you both on the human capital aspect. As well as some insight on how you are personally think about human capital and your time management etc. Great work as always!

  • @cameronpassmore1561

    @cameronpassmore1561

    3 жыл бұрын

    Human capital is a section of the year-end show, which will be released Christmas eve.

  • @drewlunt6672

    @drewlunt6672

    3 жыл бұрын

    @@cameronpassmore1561 Looking forward to it!

  • @Kunkenid_

    @Kunkenid_

    3 жыл бұрын

    Hi Cameron, can you direct me to where you posted the link the the gears you are using for the podcast?

  • @cameronpassmore1561

    @cameronpassmore1561

    3 жыл бұрын

    @@Kunkenid_ we will be posting it to the site shortly. If you email me cpassmore@pwlcapital.com I will send to you.

  • @DekarNL
    @DekarNL3 жыл бұрын

    The headphones look a lot better than the earbuds. Furthermore, I think it's yet again a thoroughly enjoyable episode. Keep up the great work.

  • @Manofsteel519
    @Manofsteel5193 жыл бұрын

    Hi Oscar!

  • @timelston4260
    @timelston42603 жыл бұрын

    I couldn't keep listening to the sanctimonious rage against sensible investing. Leave it to a couple of American rich people to advocate throwing money to the wind. I'll take rational reminders over that kind of bravado any day.

  • @BradleySpahn

    @BradleySpahn

    3 жыл бұрын

  • @timelston4260

    @timelston4260

    3 жыл бұрын

    @@BradleySpahn I'm actually an American, just not full of myself like these guests. I was a landed immigrant in Canada once upon a time, but I didn't have sense enough to stay there.

  • @BradleySpahn

    @BradleySpahn

    3 жыл бұрын

    @@timelston4260 I maintain the Canadian-ness of your comment, no matter your country of residence!

  • @DougDarrell
    @DougDarrell3 жыл бұрын

    I just hope Brian eventually picked a color

  • @Frostbiker
    @Frostbiker3 жыл бұрын

    Personal opinion: censoring the guests felt more awkward than simply keeping their words unedited. It's something I've only seen done in American media and I hope it doesn't spread further. People sometimes swear, it's not a big deal.

  • @cameronpassmore1561

    @cameronpassmore1561

    3 жыл бұрын

    Ben and I have no issue also, however it was recommended to bleep them as there is a risk of having our podcast banned in certain jurisdictions globally.

  • @401ria3
    @401ria33 жыл бұрын

    Big fan of the Pod, but I thought Josh Brown and Portnoy came off sooooo insufferable. Really disliked the fake NY tough guy act they decided to put on and I don't understand why they would be arguing against evidence based portfolio construction. Obviously being able to stick with a financial plan is the most important thing, but Financial advisors have a fiduciary duty to tell clients when they are investing sub optimally ie; sitting on too much cash. I thought Ben did a great job pushing back on Josh Brown in regards to investing based on values, investing and charity should be two separate things!

  • @BuyBBStonk
    @BuyBBStonk3 жыл бұрын

    Why play the "thrilling," losing strategy of blackjack with 40-48% odds, when you can play perfect basic strategy and count cards to get 52%? All of our irrational, emotional human behaviour certainly makes life interesting. Would a 100% rational, artificial intelligence operated world that makes life better for everyone be worth the cost of making it that much less interesting?

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